Mphasis surges on entering into partnership with CrossTower
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Mphasis is currently trading at Rs. 3130.45, up by 76.20 points or 2.49% from its previous closing of Rs. 3054.25 on the BSE.
The scrip opened at Rs. 3049.50 and has touched a high and low of Rs. 3200.00 and Rs. 2920.05 respectively. So far 32355 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3659.75 on 19-Oct-2021 and a 52 week low of Rs. 1399.30 on 24-Feb-2021.
Last one week high and low of the scrip stood at Rs. 3315.00 and Rs. 2920.05 respectively. The current market cap of the company is Rs. 59310.74 crore.
The promoters holding in the company stood at 55.90%, while Institutions and Non-Institutions held 38.89% and 5.21% respectively.
Mphasis has entered into partnership with CrossTower, one of the world’s leading crypto exchanges, to build a Center of Excellence (CoE) focused on Web 3.0 and a series of blockchain based products that will be launched and traded on the CrossTower platform.
The partnership between Mphasis and CrossTower will accelerate and scale the Web 3.0 talent within Mphasis, providing new avenues for application of innovative blockchain based solutions in public and private industries, including financial services, supply-chain, healthcare & life sciences, insurance, logistics, entertainment, art, and retail. The rapid adoption of digital assets has also led to financial and non-financial institutions too including them in their strategic planning.
The company’s partnership with CrossTower is a milestone in the digital assets industry, as it is the amalgamation of technologies’ ‘Next Applied’ innovation for future, with globally ranked 4 for in the world by CryptoCompare as crypto exchange to build a safer, smarter, and wider scope for Web 3.0.
